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Jun 21, 2013 7:00pm EDT
point. the economy is soft, inflation virtually non-existent and i'm just going to add why risk deflation when we barely have a recovery at all? one major consequence of the bernanke policy of ending bond purchases is the big jump in interest rates and that, in turn, changes stock market valuations and that is one big reason for the large correction in stocks this week. no one can foretell the future. least of all, me. but let me just ask a couple of questions here. have treasury rates completely discounted an end to qe, okay? i don't think they have. here's my fear. i'm just going to say this. if you play this out, the ten-year treasury ought to be the same as the growth of total spending or nominal gdp in the economy and that's 3.5%, maybe 4%. we're at 2.5% on the treasury. in other words, in the last year we'll be looking at rates going to 4% in treasurys and i don't think that's in the market yet. now, also, will both stocks and bonds play cat and mouse with the fed? every day, every week, every month for the next couple of months. that's going to be a tough one. since i don
Jun 18, 2013 11:00pm PDT
december kay and economies die." >> while we spend a lot of times talking about how poor economies can improve their institutions to get richer, we don't talk about how richntries can get poorer. >> rose: we conclude with george packer. his book is called "the unwinding: an inner history of the new america." >> i the book appeals to people who are of different political persuasions who say "that's it. that's what life in america has been this past generation. it's been a time of winners and losers, of old institutions that used to support middle-class people eroding and instead a kind -- a landscape where people are on their own and some people do very well and some people do not and the ties that have held us together as a people seem to be getting looser. >> rose: naill ferguson and george packer when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. ferguson is here. his new book is called "great degeneration: how institutions decay and economies die." in his book he argues that the west is in decline and he examines th
Jun 22, 2013 5:00am PDT
would scale back the stimulus program which has helped fuel the stock market church. >> if the economy is able to stay in a reasonable cruising speed we'll ease the pressure on the accelerator by gradually reducing the list of purchases. >> it's a luxury problem to have when they say they don't need stimulus anymore. >> a slowdown in china's economy also has investors worried that chinese consumers won't be able to buy as many american goods, but analyst ben willis sees an opportunity in the falling stock prices. >> you should be buying your equities in the same way you're going to the supermarket and buying things on sale. >> the scaled back stimulus is pushed mortgage rates up, but that's not necessarily bad news for the housing market. >> a lot of people have been on the side looichbs waiting for whatever reason but they've decided rather than wait for the rates to gown further, they're going to get back in the marketing. >> it will be scaled back gradually only if the economy continues to gain speed and the job market improves. >>> let's talk more about the markets with lauren lyst
Jun 15, 2013 10:00am PDT
of the day, which is creating jobs and turning the economy round. that's what the republican party needs to focus on, is getting us back on the right economic road to recovery and making sure americans remember we need to restore the american dream. our current administration is not about that. they're about saying sit back, we'll take care of you and allow you to live and we'll enable you to live a substandard life. we need to put the focus back on that. >> so, what is this all about? forgetting the american dream, common road. we're hearing all these kind of trigger words and language here. sarah palin you know being critical of the obama administration. no surprise there. but what is at the root of what this you know, freedom or this faith and freedom forum is all about in the first place and is it just preaching to the choir or is a message, a common message really resognating? reaching the conservative following? >> about a week before president obama's election in 2008, he said that we were a week away from fundamentally transforming america here, so what's at stake is american exc
FOX Business
Jun 21, 2013 1:00pm EDT
within the economy. you point out that highs in his -- house is a primary beneficiary. the fed is as responsible for managing as they are for anything else. to the extent that they're looking to manage the bubble that has formed, whether it be equities, the form of stocks, housing, absolutely. this is part and parcel with the context for the fed is basically saying at some point we're going to have to pull the punch bowl away from the party. it looks like sooner than later, and this speaks to that. ashley: from an investor's point of view given the volatility in stopping this, you expected will continue through the summer, what can you do as an investor to play in this environment? >> in this type of environment you want to manage risk. that is the first quarter of the day. you want exposure. and if you have the decisions that you feel compelled and meet your objectives, you can hold on to them and hopefully there are dividend payers and certainly they have a very consistent track record in terms of equity performance and driving revenue top and bottom line growth. expose yours
Jun 21, 2013 3:00am PDT
of money they're pumping into the economy each month. >> we will ease the pressure on the accelerator by gradually reducing the pace of purchases. >> reporter: the second, overnight thursday, bad news from china. manufacturing production fell for the first time in eight months. a sign that one of the world's most powerful economies isn't growing as fast as it had been. the pros on wall street say this was bound to happen after months of gains and record highs. and in fact, the fed pulling back might be a good sign that the economy's getting better. >> there is no fear. there is no panic that's going on. but i think we do know that it's going to be a nice slow, orderly process to see if our economy can stand on its own again. >> reporter: that doesn't make yesterday any prettier, and stocks were only part of it. a metal meltdown. 2 1/2-year lows for gold and silver. gold, the shelter from the storm in the recession, is dropping like a rock, losing a quarter of its value to far this year. don't be too afraid to peek at your 401(k). even after yesterday's dramatic drop, the dow was up mo
FOX News
Jun 22, 2013 10:00am PDT
to be successful and in this marketplace. this global economy. >> the ceo and president of project lead the way is challenging americans to work collectively and in helping students excel in science and math. >> there are so many opportunities available for our students. if they understand what is necessary for them from a skills perspective. so what we do is we teach students how to apply math and science in rigorous way. >> with a background in urban technology he believes project lead the way is a gateway to helping impoverished kids. >> i grew up poor. and -- you know, i -- i remember, you know in high school, when i would drop out as a sophomore. i just remember the people that were so influential for me and in helping me understand that there was a better future. the worst thing that we can do for our children is to have low expectations. and not believe that they can succeed. in fact, they can. >> how can you change to make it better? >> awesome. think about how you can make it better. >> based on his own life experiences, he believes there's hope for every student from all background in
FOX News
Jun 22, 2013 3:00pm PDT
legally while bringing relief to a struggling economy. >> this bipartisan common sense bill will help the middle class grow our economy and shrink our deficits by making sure that every workinger in america practice plays by the same rules and pays taxes. >> senators introduced a bill that would bolster border security. the measure includes 700 miles of fencing along the u.s.-mexico border with the addition of tens of thousands of border agents. it also enforces a nationwide everify system and needs to be in place before illegal immigrants can apply for green cards. with all the support it has, there is still no guarantee this will fly through the senate before the fourth of july recess. >> this current bill is a mess. it is repeating the same failed pattern we saw in 1986. today instead of 3 million people, we're dealing with 11 million people who are here illegally. and what congress is saying is the exact same deal, which is legalization first and then they're promising maybe some day in the future the border will be security. >> senate leaders took a crucial test vote on this plan
FOX News
Jun 22, 2013 4:00pm PDT
and stay here legally and bringing relief to the struggling economy. >> this will help the middle-class grow our economy and shrink our deficits and making sure every one pays taxes like everyone else. >> senators introducing a proposal to bolster security. border surge includes 700 miles of fencing with the addition of tens of thousands border agents and enforces a nationwide e- verify system and needs to be in place before illegal immigrants can apply for green cards. there is no indication whether it will fly before the july 4th recess. >> the current bill is a mess. it is repeating the same failed pattern we saw in 1986. >> instead of throw million we are dealing with len million. and congress is saying the same deal, legalization first and then promising maybe some day in the future the border will be secowered. >> senate leaders have a test on monday. and bring it close to cent votes, that's the target number they say will pressure the republican house to act as well. harris, back to you. >> elizabeth, thank you. >> we are on sarah watch. the family of a little girl who had
Jun 14, 2013 10:00pm PDT
the detention facility at guantanamo bay, cuba. the latest data on the u.s. economy left something to be desired today. factory output barely rose in may, and consumer sentiment fell in june. wall street reacted with a friday sell-off. the dow jones industrial average lost nearly 106 points to close at 15,70. the nasdaq fell nearly 22 points to close at 3,423. for the week, both the dow and the nasdaq lost more than 1%. those are some of the day's major stories. now, back to judy. >> woodruff: today the city of detroit, and its creditors, were presented with a series of painful options. retired city workers were warned of significant cuts in pensions and health insurance and creditors were told the city won't be able to pay them back. the day started with an announcement that the government already defaulted on some debt. it got worse from there. ray suarez has the story. >> make the banks pay. >> suarez: a handful of protesters picketed outside the westin hotel this morning, while inside, detroit's emergency manager kevyn orr laid out a last-ditch plan to 150 creditors to accept pennies on the
Jun 21, 2013 9:00am PDT
to pull back from that stimulus in the economy, that means that things are looking better. i'm not saying that that's what the situation is but the truth is that means the economy really is in a steady recovery. that's a good thing. that means people are finding jobs. that means they feel more comfortable about buying large ticket items whether it be car or a new refrigerator. those are really very good things. it also means this market is going to start trading on fundamentals again. that's really very comforting for traders. admittedly they were addicted to the punch bowl that's been there but there are plenty people out there that say it's a good thing to go back to the fundamentals. >> all right. it's good news. thank you. appreciate it. >> that will fix it. >>> we have to turn to canada. major emergency unfolding in the province of alberta. there's been flooding there. 75,000 people driven from their homes in the major city of calgary. >> that city has not seen anything like this before. the situation so serious that the canadian military has been called out to help the rescuers. >>
Jun 18, 2013 4:00am PDT
. and then tomorrow, fed chief ben bernanke will talk about the economy. investors are hoping he'll clarify what he said last month about the fed possibly dialing back it's bond buying program. >>> ahead of that federal reserve meeting, tokyo's nikkei lost a quarter percent while hong kong's hang seng was mostly flat. >>> on monday, investors guessed the central bank will prop up the economy. so the markets went up. the dow climbed 109 points, while the nasdaq rose 28 points. >>> standard & poor's lowered ford motors stock from buy to hold. the market index claimed ford's losses in europe which are expected to reach $2 billion this year. but s&p did say pickup sales in the u.s. should help the automakers see strong profits. >>> a big coup for netflix. starting next year, they'll be joining forces with dreamworks. the agreement is said to include 300 hours of new tv episodes. financial details have not been released but it's expected to be worth several hundred million dollars. the deal will help netflix compete with premium channels like hbo and showtime. >>> and homemade never looked so good. many
Jun 22, 2013 5:00am PDT
pumping into the economy to lower interest rates, encourage borrowing and improve the labor and housing market. when he mentioned that investors knew it couldn't go on forever. hearing it caused a knee-jerk reaction. they thought he's not quitting cold turkey. unemployment needs to improve a little bit more and needs to be more growth in the economy. >> you talked about interest rates. that's a major concern for people, not just when it comes to mortgages, but student loans as well. >> everything you do is tied to the interest rate whether you like it or not. whether you have an existing loan or taking out a new loan. if you have a variable rate those could go up in the near term. they change with the market. if you have a fixed rate loan it stays the same. if you are taking on a new loan make sure you look closely at your mortgage. new mortgages, they also move with the market. we are seeing a 30-year fixed at nearly 40%. it's climbing. if you want take out a new mortgage, it's narrowing. credit cards, student loans, auto loans, other types of debt are tied to the f
Jun 17, 2013 7:00am EDT
is entrenched hezbollah, iran and russia. >> the economy is taking a rare backseat at the summit. partly a reflection of the slow and steady recovery but how they pay taxes to the big 8 countries is likely to be a big issue. matt. >>> thank you. something else expected to get attention the results of iran's election. a moderate cleric is replacing mahmoud ahmadinejad. he won overwhelmingly, what do we know about him? >> he's been backed heavily by the reformist but he's not a reformist. on the inner circle of the conservative rulers of iran. he has a good relationship with the supreme leader and the reformists that came out heavily backing him. if it wasn't for the country's leading reformist he wouldn't have become president. >> when you think of the list of things the united states and iran disagree on. the nuclear program is one of the things that jumps out. how might this new president impact the direction of that program, if at all. >> well, he was chief nuclear negotiator during the late 90s, early 2000 and that's when they saw a suspension of uranium enrichment. he came under heav
Jun 17, 2013 4:00am EDT
the economy offset these gains in some of the financial sectors. shrugging off weakness in the mainland, property place outperformed hong kong helping the hang seng gain 1.2% today. the sector rebounded for the second session after very sharp selloffs recently. so we may be seeing some bargain hunting here. and elsewhere in australia, banking shares helped at the sx 200 reversed earlier losses ending higher by 0.7%. but under pressure, down 0.3%. and some of the southeast asian markets also trading in the green at the moment. back to you, ross. >> all right, catch you later. joining me in the studio, co-ceo of wells fargo financial services. american stocks down three out of the last four, this after good gains this year. is sentiment going to be shifting around now over the next few months as we question the fed and japan? >> undoubtedly we'll continue to see a lot of volatility. just look at this morning. we have the nikkei up 2.75%. today we have the futures up in the u.s. about 1% and within europe, about 0.75%. and i think we'll continue to see that. the question about japan is, do
Jun 16, 2013 6:00pm PDT
a rational and positive immigration program will choke this economy. it's not a good idea. >> it will be good for every worker here. every day we wait is a day we've lost. >> how about that? youhen the is the last time saw those two on the same page? >> i think it was the united way mable for the nationals redskins parade and that's it. >> quite bluntly to put it in political terms. the senator from arizona says this makes it difficult for republicans to compete nationwide and state by state. it's tough to compete for people's votes on any issue when they believe you don't like them and that's where the republicans are right now. and john boehner has a real problem because you saw what they did last week. with steve cain in the lead from iowa they repealed the dream act which is enormously popular and hurt republicans in the 2012 election and i don't think it argues well for the immigration in the house. >> you don't think this thing is going to make it? >> right now i think what boehner wants to do is get the house judiciary committee to break it up bit sizes to pass something so he doesn't
Jun 17, 2013 11:00am PDT
and as economy check out this plane and this is flight 116 having touched down. the plane originating from on hong kong and they will be talking to a lot of people. the passenger to made the threat may be emotionally unstable. >>> back here at home. morgan hill police have a person in custody after discovering a naked body of a woman. he was charged with one count of murder and one count of domestic violence. he was in a romantic relationship with the victim. they lived together on monterey road. >> pacifica police need your help trying to abduct a 10-year-old girl. he tried to grab but punched him and got away. man was last seen running away on sanity rose avenue. here is a police sketch. white man, 30-40 years old. about fiex six feet with stocky build and wearing a red checkered shirt and blue jeans. >> walnut police are investigating after a man was attacked inside his home overnight. it happened on jones road. the man was taken to the hospital. he is expected to be okay. the attack does not appear to be random. they are trying to find who attacked this man. >>> happening now alameda t
Jun 22, 2013 7:00am PDT
adopted several measures aimed .t used in the economy saudi arabia has announced .nother death and 81-year-old man died in the eastern province. six of the new cases have been registered. experts are nearing the end of a four-day meeting to discuss ways to tackle the virus. 70 cases have been confirmed worldwide. 39 people have died, 33 of them in saudi arabia. a humorous but hard-hitting political satire has become a box office hit on the sri lankan state. it's so popular, even the president came to watch. >> poking fun at politicians, it's brought hundreds of people, some as early as 6:00 in the morning, to queue for tickets. >> last time, i missed the tickets. i was there for about two hours, and when it came to my chance, they were sold out. >> seats for the first day of the show sold out and half an hour. 10 more were scheduled with some live assaults. >> i only go with the headline. editor has full freedom to decide. >> the show was created six years ago. it emerged after the title featured title role in another play drew the loudest laughs. ,his show has a loyal following although a
Jun 17, 2013 7:00am PDT
trade and economy. but because some of these countries disagree how to handle the blood shed in syria, that situation is expected to be a top priority. sadly puten is very outspoken -- vladimir puten is very outspoken about president obama's plan. the two are expected to talk privately. a new cnn poll shows that president obama's approval rating has taken a dive. last month, 58% supported president obama. now just 45% of the job he's doing. that's an 18-month low. we'll take a closer look at president obama's schedule for the remainder of the g8 summit when i see you next. kyla campbell, ktvu channel 2 news. >>> david cameron is among those attending the summit. this morning he refused to comment hon a hacking scandal -- on a hackle scandal involving the government. the newspaper there reported that britain's spy agency hacked into e-mails. >>> this morning, the white house is also defending the nsa's secret surveillance program of phone and internet records. white house chief of staff denis mcdonough says the program is constitutional and carefully monitored. he also says the u.s. go
Jun 22, 2013 11:00am PDT
office crunched the numbers and concluded that passing the immigration bill will boost the economy. >> court to this independent report, reforming our immigration system would reduce our deficits by almost a trillion dollars over the next two decades and boost our economy over more than 5%. >> and july first, that's the day the rates on many student loans will spike. they passed the speaker john boehner's bill that would put them 2.5 percentage points above the rate and -- he's frustrated with democrats not for getting on board. >> the president has failed to talk about this issue and hasn't lifted a finger to push his own party to pass his own proposal. the time for games is up. i think our kids deserve better. and the democrats need to get their act together so we can prevent these rates from doubling on july 1st. >> student loans are not the only piece of highly contentious legislation in d.c. right now. the republican led house didn't past the -- deep cut to food stamps combined forces to kill the bill. how does this body for issues like student loans. i'm joined now by two pan
Jun 17, 2013 7:00am EDT
is about to meet with fellow g-8 leaders and talk about trade and economy in syria comes the new revelation from edward snowden. it could make things awkward. >> let's get to andrea mitchell who is covering this for us. good morning to you. >>> good morning. edward snowden has struck even. he is released documents on high level spying on foreign leaders including the then president of russia. >> reporter: yet another disclosure that great britain spied on world leaders at two london summit in 2009. one of them targeted the then russian president. protestors outside the u.s. kons lit in hong kong were demonstrating in support of snowden, the acknowledged nsa leaker. >> i think a great person is willing to expose this. >> reporter: china is encouraging support for snowden ever since he told a chinese newspaper last week that the u.s. hacked into computers there for years. on fox, dick chaney who helped institute it and congress rejected the surveillance program. >> i think he's a traitor and committed crimes by violating agreements begin the position he had. >> reporter: snowden is still beli
Jun 17, 2013 12:00pm EDT
is drowning in debt. i reject the implication that our economy is doing better because life is good on wall businesses small across this country are crumbling on main street. our country can do better than this massive sovereign debt, this expanding welfare state, just drift toward socialized medicine that is modeled after modern western europe. we can do better, and we must. and starting today, we got to start the fight to regain those values. let me close with this. , wee fight for our country need to do it with joy. thatarty has frankly lost example of the happy warrior. ronald reagan died a little less than a decade ago, and sometimes i fear with his passing we have forgotten that conversations should come with a smile. ought to be our code. our conviction and passion compassion, not content or anger or fear mongering. we stand for the principles that made america great, and we should exude those principles with joy. smile when you disagree with a liberal. [laughter] , and as ronald reagan once said, liberals know so much that is not so. [laughter] [applause] so we need to be strong, co
Jun 17, 2013 10:00am PDT
's supposedly about the global economy but of course, the war, the political conflict, top of mind is syria. >> that's right. this was all supposed to be about figuring out how to help europe's economy get out of its recession as fast as the u.s. has done. talk of a big trade pact. granted, that's still happening. but syria is the dominant topic. the president meets with vladimir putin on the schedule it is supposed to be in about 15 minutes. we expect it to be a 60 to 90-minute bilat cal session. then the two leaders will speak afterwards. now judging by the tone of the bilateral meeting -- at least the read-out of the meeting that putin had with david cameron in london yesterday, whether it came to the issue of syria, it would be surprising if somehow they came out with some break-through about what to do next. as you know, the united states position is try to convince putin that it is in his best interests to essentially push assad out and help keep assad's regime at the negotiating table. it is a tricky deal for the u.s. to sell. we'll see if putin is listening. >> who else might be lis
Jun 18, 2013 10:00am PDT
the book. what you've done is try to pull back the covers, if you will, on the way the economy and what we've come through with this devastating recession has affected lives across the country. tell me what you were trying to accomplish. >> the unwinding is a portrait of america over a whole generation. it begins in 1978 which is when i think a lot of the things that we're very familiar with today, deindustrialization, political polarization, the rise of lobbying, the information age had their origins. and it follows a handful of characters, most of whom readers won't have heard of. through their lives, as they move through america, through this incredibly tumultuous time, all these olden institutions and stru structures which used to support ordinary people's ambitions starts to unravel more and more. it is about the undoing of a social contract and it ends today. it is a whole generation of history. >> how has it affected our politics? >> i think what we've seen is, '78 was the year newt grichl in was elected to congress. there are profiles of ten celebrity americans to show what's happe
Jun 22, 2013 1:00pm PDT
. the idea that they're going to improve our economy and create jobs for americans is just doesn't work. >> how many people here believe that an individual who has less than a high school education pays more in taxes than they get in government benefits? >> you know the only people who believe that? right there! right there! >> you know, congressman. that does not sound like the kind of tone where speaker boehner is going to be able to get something done. >> well, certainly. i've seen speaker boehner and i know that he can get to the deal. i have seen him on other pieces of major legislation really stand up when that was required. i don't know if that group of people you just heard are so strong and are so many that they won't entertain any sort of a deal to be done on immigration. if that's the case, then he probably can't get it done. but i know he will work very hard and he will work with those who have been in the congress for a while who understand it's always difficult to do a major piece of historic edlegislation. >> as the congresswoman has said, until there is a bill that membe
Jun 17, 2013 2:00pm PDT
. >> and, by the way, economy, an economy that's -- >> and the economy. >> all right, we'll wait and see on that one. it's not quite back yet. >> just ahead, was celebrity tv chef nigella lawson publicly choked by her husband? and why some families worry about the bread their eating and why wheat farmers are worried about losing money. it's monday, a brand new start. with centurylink visionary cloud infrastructure, and custom communications solutions, your business is more reliable, secure, and agile. we kw it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality >>> questions are swirling about the marriage of celebrity chef nigella lawson after pictures surfaced of her husband with his hand around her neck at a restaurant. her husband is denying any claims he attacked her. cnn's international correspondent matthew chance is in london with the latest. matthew, these pictures just look awful. >> they do. they really illustrate as well, jim, the idea that if you're a cel
Jun 22, 2013 4:30pm PDT
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Jun 15, 2013 5:30pm PDT
to respect social freedoms, gender equality. the key issue for iranians the economy. an economic noose as iran has refused to reveal more of its nuclear program. on the streets of iran just this year, we heard from frustrated iranians, their money, their currency, losing 80% of its value in one year. this young woman and her mother. 1234 it's day-to-day. >> yes. >> reporter: the iranian people. so many families telling me they can feel those sanctions. >>> i want to bring in jonathan karl tonight, the obama administration late today responding to these election results? >> these election results certainly welcome news at the white house. in that statement the administration congratulated the iranian people and noted although this election took place against the backdrop of intimidation, censorship, the iranian people overcame those obstacles and showed they wanted to take control of their future. >> jon, this new iranian president is an ahmadinejad rival. so, is there any hope that there will be a more conciliatory approach to the relationship between the u.s. and iran? >> some hope, d
Jun 15, 2013 12:00pm PDT
standoff? can he improve iran's economy and free iran's political prisoners? a lot are watching iran's new president-elect to see what he does. for now, his supporters celebrating >>> in a first of its kind exposure, they are allowing tech giants to reveal the number of inquiries they get from law enforcement. a justice spokesperson said the numbers will, quote, show that an extraordinarily small number of accounts are subject to legal process. it is all in response to reports that the u.s. government directly accesses the servers of facebook and microsoft. the companies deny that. lawye we have the industry reaction. >> he with have more developments in the surveillance of american citizens. with the government's permission, facebook and microsoft are coming forward with their roles in those national security requests. this is the first time we are learning about specific government requests for information in the wake of the nsa leaker. according to lawyers from both companies, in the last six months of 2012, facebook received between 9 and 10,000 questions for information. microsoft say
Jun 22, 2013 9:00am PDT
it makes in sense to cut those programs when you have the need. it stimulates the economy. when people get food stamps they go out and buy things. that helps the economy and creates jobs. it makes no sense. >> what was interesting you and your colleagues for the most part in terms of the democratic party said this went way too far. the republicans said it didn't go far enough. with that big of a divide did we expect dmanything to get throug? >> it's going to be tough. i know you talked about the immigration reform. i think there's an effort on the part of the republican leadership to try to pass an immigration reform bill. they are putting so many roadblocks in the way. in the house you may have read that they voted on an amendment. this was like a tea party right wing amendment that makes being in the united states a crime. another amendment that gets rid of the dreamers act that lets young people stay here and not be deported. then the speaker is saying he won't let the bill go to the floor unless it has a majority of the republicans which would include the tea party. we've got a long wa
Jun 22, 2013 3:00am PDT
conversations than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. aren't always the most obvious. take the humble stevia plant, with a surprising secret to share: sweetness. truvia sweetener. zero-calorie sweetness, born from the stevia leaf. from nature, for sweetness. ♪ >>> this block, we're talking about the big business stories. and we're starting with two of the world's top designers now sentenced to prison. maybe you've heard of these two guys. dominica dolce and stefano gabbana. >> i know them. >> they're accused of not telling authorities about an offshoot company that cost literally millions in euros and taxes. dolce & gabbana say it's not true. neither started their sentence. the trending twitter, hash tag dolcegabbana. >> they'll be fine. it's a multibillion dollar brand. they'll h
Jun 16, 2013 7:30am PDT
to this economy and that your next-door neighbor or your brother-in-law or, you know, the young kid down the street is gonna benefit from this, i think you're gonna be willing to pay that extra $1. >> speer says congress is trying to create more incentives for businesses, like tax credits. the exhibit is open today from 11 to 9. >>> and nuts for obama. white russian. those are two of the special icy creations being served up at a local store in ireland, ahead of the g8 summit. and how about vodka and coffee liqueur for the russian president? the choices may not be for everyone's taste. >>> around here, it is father's day. it is going to be a nice one! >> vodka and coffee ice cream? >> that sounds pretty good. a lot of sunshine out there. good to see you. >> we had a little vacation and now we're back. we're having a chilly june. >> it was relative to what we had last week. we were near 90 degrees last week. we are now going to chill down a little bit. actually, it just brings back to where they should be this time of year. 80's inland. 60's along the shoreline. if you're looking for som
Jun 21, 2013 9:00pm PDT
day. stock prices went up today and when the feds taper off the stimulus program it means the economy is improving actually. dow rose 41 points today. >> well health news. more men over 40 participate in try after lon there are new health concerns when competing in that endurance test. triathalon combine swimming biking running. researchers say it's the swimming portion of the race that can be particularly dangerous. here's why. cold water. anxiety can speed up the heart raise causing hyper convenient las vegas. at the same time water in the face and extended breathing makes the body want to slot heart rate to conserve oxygen. doctors say the 2 responses at the same time can cause cardiac arrest. heart attack race officials say there is an up take in fatality among middle age men. >> john muir national historic tonight martin rest confident that a living connection to the nationalist kn can be preserved forever. thinks really interesting. this tree at the site was planted by muir in 1852. the seedling taken from the sierra. well the tree has a fungus that is eventually un
Jun 22, 2013 4:00am PDT
and boost our economy by more than 5% in part because of businesses created, investments made, and technologies created by immigrants. >> that was president obama this morning in his weekly address. democrats and republicans unveiled a new amendment that includes $30 billion, 20 additional border agents and new drone technology. joining me now wanda summers and congressional reporter ed o'keefe. thanks for joining me. >> good morning, alex. >> ed, i was reading about immigration reform. $30 billion is a lot of money to secure the border. but will it actually accomplish that? >> that's the big question. i spent time talking to folks who represent communities along the border who work with a lot of these immigrants communities. they say they're very concerned that basically doubling the the size of the u.s. border control really could militaryize sections of it. there's concern that if you're hispanic, there are suspicions of people crossing, they might seek out people in illegal or wrong fashion. we will see exactly what happens in the coming years and see if this agreement sur
Jun 17, 2013 8:00am PDT
the economy and we'll influence in other spheres, but the supreme leader of the country is ayatollah ali khamenei, who oversees matters of national security. shortly after winning the election, rouhani spoke on state television. -- ofud nation of the ron iran, i congratulate you. you're committed and meaningful involvement on elections, under fulfillment of your religious and national duty to response to the call of the leader of the revolution. without a doubt, the real winner of this election is you, the people, the consciousness, peas -- peace and hope placed your heart into the hands of an all- knowing and mighty god. you have given trust in religious democracy emma a journey towards respect and national interest, and the governments that six to moderate them a correct, and measure. >> the ron -- he ran's residential campaign found thousands -- saw thousands rallying in favors of reforms. there are mass protests over the disputed reelection of president amit in the jacques, who is leaving power after exhausting exhausting the two- term limit. after rouhani's victory was announced, ir
Jun 16, 2013 8:00am EDT
president about how things have changed when the economy has seen improvement over the last few years, stock prices are better and employment is up and housing could be better but it's making progress. do you think he's seeing progress in that as well? >> i'll have to get to that. i'm going to ask him about immigration and about his health. it's been 15 months since he had a heart transplant. we got him out of wyoming where he's fly fishing and hunting. apparently he's doing a lot better. we'll get to as much as we can at the top of the hour. >> we all hope he's doing better and feeling fine. we're looking forward to your live view 30 minutes after this show. take care. >> firefighters in colorado continue to battle a massive wildfire that has destroyed nearly 500 homes. it's the most destructive wildfire in the state's history. tens of thousands of people remain evacuated from their homes. officials say the fire is nearly 45% contained. arson investigators are working to determine whether the fire was intentionally set or it's just an accident. >> it does not look good, does it? >> not at a
FOX News
Jun 15, 2013 3:00am PDT
on technology, based on a world economy and like that. what is the most important lesson that you learned in reading the thousands of documents from the university of virginia, yale law school. you laid yourself out in this stuff -- what is the most important thing you learned about george washington's legacy? >> times change but the fathers had the same dilemmas of being human and our liberties that we still face today. when they were laying the constitution and creating the government we live by, this is what they have in mind. >> peter: this is great book. i recommend it. i appreciate you being here. see you again. >>> accused fort hood shooter says he a was protecting the taliban. should he be allowed to do this a judge has made a decision. >> megyn: every couple has their fights. and there is a simple decision to everlasting love. details on the so-called love potion coming up next. >> that is what you want. do whatever the hell you want? did you know, your eyes can lose vital nutrients as you age? [ male announcer ] that's why there's ocuvite to help replenish key eye nutrients. ocu
Jun 15, 2013 3:00pm PDT
is coming from. it is a real issue for the education system, for the economy, for everyone and also politically. mitt romney still got 90% of his votes from whites in a country that is 37% nonwhite now. so jeb bush i think is ringing a gong that his party needs to hear. on the other front, you know, any time you see a hillary clinton sighting it feels like we're heading to iowa soon candy, that brings us to "state of the state the union" this sunday. i assume some of these topics will be coming up. >> yes. we'll be talking to mike rogers, head of the intelligence committee, on the house side will be among our guests. we'll talk about syria and what needs to be done there. also nsa and where we think this is all going. and immigration, which by the way, is on the floor of the senate. they didn't do much this week. it looks a little bit like a hot mess right now. but we'll try to figure out what the future of that bill is. >> all right. candy crowley, we'll be watching this sunday. thank you very much for your time. ron brownstein, thanks to you as well. appreciate it. >>> new jersey
Jun 15, 2013 4:00pm PDT
and they went away and went right back on their i-phones when the economy picked up again. here is a young man who is, you know, doing an act of civil disobedience and is fully expecting to take the confidence kwe kwenss no different than dr. martin luther king did. >> what is the difference do you think in the world, i'll ask tom and then go to wendy, in the world he lived in and grew up in. she mentioned dr. martin luther king. what is the difference now for someone who is a millennial to think it is okay to give away these government secrets and for this intelligence? is it something that he doesn't know about the world or something that he does know about the world because of the information age we live in? >> my opinion what i've heard him say publicly makes me think he is politically about as ignorant as anybody i've ever heard and naive. >> you think he is naive. >> extremely naive. so to think that he should save the world himself by giving up confidential information or breaking the law, you know, we have 800 thousand plus people in this country with top-secret clearance with access t
Jun 16, 2013 3:00am PDT
promised to improve iran's wilting economy and reduce unemployment, which topped 15%. in what could be a key overture to the west, he promised to reduce international tensions over iran's nuclear program. the white house says it remains ready to engage with the iranian government directly. >>> it was a violent night in istanbul, turkey. turkish security forces stormed gezi park, using water cannons and tear gas to force antigovernment protesters out of the park and into side streets. and after hours of fighting, we see this, gezi park completely clear and clean. turkish prime minister erdogan says he plans a counterdemonstration today after the antigovernment message that was sparked over the past two weeks. >>> russia is warning the u.s., enforcing a no-fly zone over syria to help rebel forces could violate international law, but the white house has not decided on establishing a no-fly zone, an idea thrown out there by some republicans. president obama's deputy national security adviser says the fighting between rebel forces and the assad regime is so intermingled, it's not a probl
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